Guidance When Opening a New Coin Laundry Business
Since their creation during the World War II era, laundromats have been a sound business decision. Boasting an average 35% return on investment, a nearly 94.5% success rate, and many more advantages, the coin laundry industry is the smart investment choice. If you are looking to open a new laundry business, becoming educated on the ins and outs of the industry can be tough. Martin-Ray Laundry Systems wants to share some guidance for opening a new coin laundry facility, to ensure that your new business venture is a success.
Partner with a Laundry Distributor
If you are brand new to the coin laundry business, partnering with a laundry equipment distributor, like Martin-Ray, is the best way to fully immerse yourself into the industry. Laundry equipment distributors give you access to the newest laundry technologies and trusted brands like Speed Queen, Milnor, and Chicago Dryer. In addition to stocking your washateria with the best possible vended laundry equipment, distributors share their surplus of industry knowledge and offer investment planning services, such as:
- Site Selection
- Design & Layout Expertise
- Start-Up & Training Elements
- Technical Assistance
- Servicing and Maintenance
- Supplying Parts
Install Your Laundry Equipment with a Professional
It may be tempting to hire a contractor or install your new coin laundry machines yourself, but the experts at Martin-Ray recommend using a professional laundry equipment installation service. Utilizing the industry professionals ensures that your new industrial laundromat equipment is installed right the first time. This will help boost customer satisfaction, decrease machine downtimes, and save you money. Martin-Ray's in-house installation team works around your schedule and is committed to quick and effective installation.
Take Advantage of Special Financing Options
If you don't have the capital upfront to start your new coin laundry business, don't worry! Many laundry equipment distributors offer special financing options to help business owners provide cutting-edge machines to their customer base. Financing through programs, like Speed Queen Financial Services, gives you the ability to free up extra cash at-hand in order to reinvest in other areas of your vended laundry business. Special financing options also give you these added benefits:
- Flexible Programs to Best Suit Your Cash Flow
- Special Term Offers and Rates to Help You Stay Up to Date with Equipment and Industry Competition
- Fast Credit Advances to Get Your New Equipment Making You Money
- No Hidden Fees (No Down Payments or Deposits)
Martin-Ray’s team of laundry equipment financing specialists will create a custom financing program for you to allow affordable payments when getting your new coin laundry facility up and running.
Offer Card Payment Systems to Customers
Laundry technology, such as card payment systems, are a great way to provide an added convience to your customer base and differentiate your laundromat facility from the competition. Not only do card payment systems provide customer convience, they offer added safety for you as the owner and for your employees. Less cash handeling means a decreased risk for theft, keeping all your assets safe. Additionally, laundry technology provides:
- Increased customer retention
- Boosted profits
- Increase innew customers
Make Martin-Ray Laundry Systems Your Partner!
The team at Martin-Ray has been working together for over 25 years with a passion for the commercial laundry industry. We want to see your new coin laundry operation succeed by providing you with the equipment, tools, and resources you need to thrive. If you are located in our sales & service area, contact us today!